Tuesday, April 18, 2017

Government of India has planned to divest upto 10% stake in National Aluminium (NALCO) Limited vide Offer for Sale (OFS), which will open for subscription for Non Retail category on Wednesday, April 19, 2017 and for Retail category on Thursday, April 20, 2017.

The floor price for the share sale is fixed at Rs.67/- per equity share. This is at around 8.8% discount over the closing market price of the share on BSE (Rs.73.45 per share)

NALCO is and India based manufacturer and distributor of aluminum products. National Aluminium Company Limited, abbreviated as NALCO (Incorporated in the year 1981) has units in Odisha at places like Angul and Damanjodi. It was incorporated as a public sector enterprise of the Ministry of Mines, Government of India.

The company is Asia's largest and the sixth largest, integrated aluminium complex, encompassing bauxite mining, alumina refining, aluminium smelting and casting, power generation, rail and port operations